Common use of Duty to Indemnify Clause in Contracts

Duty to Indemnify. (a) You agree to release, indemnify, hold harmless and defend us from any and all claims, damages, liability, actions, loss, costs and expenses (including, without limitation, attorneys’ fees) resulting to the IRA, against you, any beneficiary or incurred by or asserted against us, in connection with or by reason of any sale or investment made or other action taken (or omitted to be taken ) at your or your agent’s direction. (b) You agree to reimburse or advance to us, on demand, all legal fees, expenses, costs, fines, penalties and obligations incurred or to be incurred in connection with the defense, contest, prosecution or satisfaction of any claims made, threatened or asserted pertaining to any investment or action you or your agent directed through the Custodian, including, without limitation, claims asserted by you, any state or federal regulatory authority or self-regulatory organization. (c) You release and indemnify and agree to hold harmless and defend us in the event that any investment or sale of your ▇▇▇▇ ▇▇▇ assets violates any federal or state law or regulation or otherwise results in a loss of tax- exempt status, penalty, fine or tax imposed upon you, your ▇▇▇▇ ▇▇▇, or us. (d) We shall not be responsible for any investment losses or diminution of the ▇▇▇▇ ▇▇▇ assets resulting from the changes in the market value of an asset; or resulting from reliance or action taken in reliance upon notice, instruction, direction or approval received from you or your authorized agent. (e) You agree to reimburse and indemnify us for any loss we may incur as a result of such directions, actions or failures to act by you or your authorized agent. You release us from any liability for any price fluctuations of the asset during the processing of a transaction directed by you. The indemnification provisions will survive the expiration of this Agreement.

Appears in 2 contracts

Sources: Traditional Individual Retirement Custodial Account Agreement, Traditional Individual Retirement Custodial Account Agreement

Duty to Indemnify. (a) You agree to release, indemnify, hold harmless and defend us from any and all claims, damages, liability, actions, loss, costs and expenses (including, without limitation, attorneys’ fees) resulting to the IRA, against you, any beneficiary or incurred by or asserted against us, in connection with or by reason of any sale or investment made or other action taken (or omitted to be taken ) at your or your agent’s direction. (b) You agree to reimburse or advance to us, on demand, all legal fees, expenses, costs, fines, penalties and obligations incurred or to be incurred in connection with the defense, contest, prosecution or satisfaction of any claims made, threatened or asserted pertaining to any investment or action you or your agent directed through the Custodian, including, without limitation, claims asserted by you, any state or federal regulatory authority or self-regulatory organization. (c) You release and indemnify and agree to hold harmless and defend us in the event that any investment or sale of your ▇▇▇▇ ▇▇▇ IRA assets violates any federal or state law or regulation or otherwise results in a loss of tax- exempt status, penalty, fine or tax imposed upon you, your ▇▇▇▇ ▇▇▇IRA, or us. (d) We shall not be responsible for any investment losses or diminution of the ▇▇▇▇ ▇▇▇ IRA assets resulting from the changes in the market value of an asset; or resulting from reliance or action taken in reliance upon notice, instruction, direction or approval received from you or your authorized agent. (e) You agree to reimburse and indemnify us for any loss we may incur as a result of such directions, actions or failures to act by you or your authorized agent. You release us from any liability for any price fluctuations of the asset during the processing of a transaction directed by you. The indemnification provisions will survive the expiration of this Agreement.

Appears in 1 contract

Sources: Traditional Individual Retirement Custodial Account Agreement

Duty to Indemnify. (a) You agree to release, indemnify, hold harmless and defend us from any and all claims, damages, liability, actions, loss, costs and expenses (including, without limitation, attorneys’ fees) resulting to the IRAHSA, against you, any beneficiary or incurred by or asserted against us, in connection with or by reason of any sale or investment made or other action taken (or omitted to be taken taken) at your you or your agent’s directiondirection resulting from us serving as the custodian hereunder. This includes claims, damages, liability, actions and losses asserted by you. (b) You agree to reimburse or advance to us, on demand, all legal fees, expenses, costs, fines, penalties and obligations incurred or to be incurred in connection with the defense, contest, prosecution or satisfaction of any claims made, threatened or asserted pertaining to any investment or action you or your agent directed through the Custodiancustodian, including, without limitation, claims asserted by you, any state or federal regulatory authority or self-regulatory organization. (c) You release and indemnify and agree to hold harmless and defend us in the event that any investment or sale of your ▇▇▇▇ ▇▇▇ HSA assets violates any federal or state law or regulation or otherwise results in a loss of tax- tax-exempt status, penalty, fine or tax imposed upon you, your ▇▇▇▇ ▇▇▇HSA, or us. (d) We shall not be responsible for any investment losses or diminution of the ▇▇▇▇ ▇▇▇ HSA assets resulting from the changes in the market value of an asset; or resulting from reliance or action taken in reliance upon notice, instruction, direction or approval received from you or your authorized agent. (e) You agree to reimburse and indemnify us for any loss we may incur as a result of such directionsdirection, actions action or failures failure to act by you or your authorized agent. You release us from any liability for any price fluctuations of the asset during the processing of a transaction directed by you. The indemnification provisions will survive the expiration of this Agreement.

Appears in 1 contract

Sources: Health Savings Custodial Account Agreement

Duty to Indemnify. (a) You agree The Responsible Individual, Depositor and Designated Beneficiary agrees to release, indemnify, hold harmless and defend us from any and all claims, damages, liability, actions, loss, costs and expenses (including, without limitation, attorneys’ fees) resulting to the IRA, against you, CESA or to any beneficiary Designated Beneficiary or incurred by or asserted against us, in connection with or by reason of any sale or investment made or other action taken (or omitted to be taken taken) at your directed by the Responsible Individual or your agent’s directionresulting from us serving as the custodian hereunder. This includes claims, damages, liability, actions and losses asserted by the Responsible Individual, Depositor or Designated Beneficiary. (b) You The Responsible Individual, Depositor and Designated Beneficiary agree to reimburse or advance to us, on demand, all legal fees, expenses, costs, fines, penalties and obligations incurred or to be incurred in connection with the defense, contest, prosecution or satisfaction of any claims made, threatened or asserted pertaining to any investment or action you or your agent the Responsible Individual directed through the Custodiancustodian, including, without limitation, claims asserted by youthe Responsible Individual, any state or federal regulatory authority or self-regulatory organization. (c) You release The Responsible Individual, Depositor and indemnify Designated Beneficiary releases and indemnifies and agree to hold harmless and defend us in the event that any investment or sale of your ▇▇▇▇ ▇▇▇ the CESA assets violates any federal or state law or regulation or otherwise results in a loss of tax- tax-exempt status, penalty, fine or tax imposed upon you, your ▇▇▇▇ ▇▇▇the CESA, or us. (d) We shall not be responsible for any investment losses or diminution of the ▇▇▇▇ ▇▇▇ CESA assets resulting from the changes in the market value of an asset; or resulting from reliance or action taken in reliance upon notice, instruction, direction or approval received from you the Responsible Individual or your an authorized agent. (e) You agree The Responsible Individual agrees to reimburse and indemnify us for any loss we may incur as a result of such directions, actions or failures to act by you the Responsible Individual or your an authorized agent. You The Responsible Individual release us from any liability for any price fluctuations of the asset during the processing of a transaction directed by youthe Responsible Individual. The indemnification provisions will survive the expiration of this Agreement.

Appears in 1 contract

Sources: Coverdell Education Savings Account Custodial Account Agreement

Duty to Indemnify. (a) You agree to release, indemnify, hold harmless and defend us from any and all claims, damages, liability, actions, loss, costs and expenses (including, without limitation, attorneys’ fees) resulting to the IRA, against you, any beneficiary or incurred by or asserted against us, in connection with or by reason of any sale or investment made or other action taken (or omitted to be taken ) at your or your agent’s direction. (b) You agree to reimburse or advance to us, on demand, all legal fees, expenses, costs, fines, penalties and obligations incurred or to be incurred in connection with the defense, contest, prosecution or satisfaction of any claims made, threatened or asserted pertaining to any investment or action you or your agent directed through the Custodian, including, without limitation, claims asserted by you, any state or federal regulatory authority or self-regulatory organization. (c) You release and indemnify and agree to hold harmless and defend us in the event that any investment or sale of your ▇▇▇▇ ▇▇▇ IRA assets violates any federal or state law or regulation or otherwise results in a loss of tax- tax-exempt status, penalty, fine or tax imposed upon you, your ▇▇▇▇ ▇▇▇IRA, or us. (d) We shall not be responsible for any investment losses or diminution of the ▇▇▇▇ ▇▇▇ IRA assets resulting from the changes in the market value of an asset; or resulting from reliance or action taken in reliance upon notice, instruction, direction or approval received from you or your authorized agent. (e) You agree to reimburse and indemnify us for any loss we may incur as a result of such directions, actions actions, or failures to act by you or your authorized agent. You release us from any liability for any price fluctuations of the asset during the processing of a transaction directed by you. The indemnification provisions will survive the expiration of this Agreement.

Appears in 1 contract

Sources: Traditional Individual Retirement Custodial Account Agreement

Duty to Indemnify. (a) You agree to release, indemnify, hold harmless and defend us from any and all claims, damages, liability, actions, loss, costs and expenses (including, without limitation, attorneys’ fees) resulting to the IRA, against you, any beneficiary or incurred by or asserted against us, in connection with or by reason of any sale or investment made or other action taken (or omitted to be taken ) at your or your agent’s direction. (b) You agree to reimburse or advance to us, on demand, all legal fees, expenses, costs, fines, penalties and obligations incurred or to be incurred in connection with the defense, contest, prosecution or satisfaction of any claims made, threatened or asserted pertaining to any investment or action you or your agent directed through the Custodian, including, without limitation, claims asserted by you, any state or federal regulatory authority or self-regulatory organization. (c) You release and indemnify and agree to hold harmless and defend us in the event that any investment or sale of your ▇▇▇▇ ▇▇▇ assets violates any federal or state law or regulation or otherwise results in a loss of tax- tax-exempt status, penalty, fine or tax imposed upon you, your ▇▇▇▇ ▇▇▇, or us. (d) We shall not be responsible for any investment losses or diminution of the ▇▇▇▇ ▇▇▇ assets resulting from the changes in the market value of an asset; or resulting from reliance or action taken in reliance upon notice, instruction, direction or approval received from you or your authorized agent. (e) You agree to reimburse and indemnify us for any loss we may incur as a result of such directions, actions or failures to act by you or your authorized agent. You release us from any liability for any price fluctuations of the asset during the processing of a transaction directed by you. The indemnification provisions will survive the expiration of this Agreement.

Appears in 1 contract

Sources: Traditional Individual Retirement Custodial Account Agreement

Duty to Indemnify. (a) You agree to release, indemnify, hold harmless and defend us from any and all claims, damages, liability, actions, loss, costs and expenses (including, without limitation, attorneys’ fees) resulting to the IRA, against you, any beneficiary or incurred by or asserted against us, in connection with or by reason of any sale or investment made or other action taken (or omitted to be taken ) at your or your agent’s direction. (b) You agree to reimburse or advance to us, on demand, all legal fees, expenses, costs, fines, penalties and obligations incurred or to be incurred in connection with the defense, contest, prosecution or satisfaction of any claims made, threatened or asserted pertaining to any investment or action you or your agent directed through the Custodian, including, without limitation, claims asserted by you, any state or federal regulatory authority or self-regulatory organization. (c) You release and indemnify and agree to hold harmless and defend us in the event that any investment or sale of your ▇▇▇▇ ▇▇▇ IRA assets violates any federal or state law or regulation or otherwise results in a loss of tax- exempt status, penalty, fine or tax imposed upon you, your ▇▇▇▇ ▇▇▇IRA, or us. (d) We shall not be responsible for any investment losses or diminution of the ▇▇▇▇ ▇▇▇ IRA assets resulting from the changes in the market value of an asset; or resulting from reliance or action taken in reliance upon notice, instruction, direction or approval received from you or your authorized agent. (e) You agree to reimburse and indemnify us for any loss we may incur as a result of such directions, actions actions, or failures to act by you or your authorized agent. You release us from any liability for any price fluctuations of the asset during the processing of a transaction directed by you. The indemnification provisions will survive the expiration of this Agreement.

Appears in 1 contract

Sources: Traditional Individual Retirement Custodial Account Agreement

Duty to Indemnify. (a) You agree to release, indemnify, hold harmless and defend us from any and all claims, damages, liability, actions, loss, costs and expenses (including, without limitation, attorneys’ fees) resulting to the IRAyour Account, against you, any beneficiary or incurred by or asserted against us, in connection with or by reason of any sale or investment made or other action taken (or omitted to be taken taken) at your or your agent’s direction. (b) You agree to reimburse or advance to us, on demand, all legal fees, expenses, costs, fines, penalties and obligations incurred or to be incurred in connection with the defense, contest, prosecution or satisfaction of any claims made, threatened or asserted pertaining to any investment or action you or your agent directed through the Custodian, including, without limitation, claims asserted by you, any state or federal regulatory authority or self-regulatory organization. (c) You release and indemnify and agree to hold harmless and defend us in the event that any investment or sale of your ▇▇▇▇ ▇▇▇ assets violates any federal or state law or regulation or otherwise results in a loss of tax- tax-exempt status, penalty, fine or tax imposed upon you, your ▇▇▇▇ ▇▇▇, or us. (d) We shall not be responsible for any investment losses or diminution of the ▇▇▇▇ ▇▇▇ your assets resulting from the changes in the market value of an asset; or resulting from reliance or action taken in reliance upon notice, instruction, direction or approval received from you or your authorized agent. (e) You agree to reimburse and indemnify us for any loss we may incur as a result of such directions, actions or failures to act by you or your authorized agent. You release us from any liability for any price fluctuations of the asset during the processing of a transaction directed by you. The indemnification provisions will survive the expiration of this Agreement.

Appears in 1 contract

Sources: Custodial Agreement